Har-Co Credit Union

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 520853115 ✦ Bel air, MD ✦ Designated as a 501(c)(14)

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Overview

What is Har-Co Credit Union?

Har-Co Credit Union is a state-chartered financial institution, located at 30 N Hickory Avenue in Bel Air, Maryland. With a mission to prioritize its 14,067 members, Har-Co Credit Union offers a wide range of financial services. As a nonprofit organization, it strives to provide a reliable and member-focused financial institution, ensuring excellence in all its services. The credit union employs 70 individuals, demonstrating its commitment to its members and the community.


Official website here: www.harcocu.org

What do the Facebook reviews say about Har-Co Credit Union?

80% of reviewers on Facebook recommend Har-Co Credit Union, and here's a summary of their experiences:

Many users appreciate the seamless and efficient service provided, particularly highlighting the positive interactions with staff. One reviewer noted their satisfaction with the vehicle purchasing process, mentioning that the sales officer made it easy and quick. This kind of personalized attention seems to resonate with customers, making them feel valued.

Overall, the sentiment leans towards a supportive and positive experience for those who engage with Har-Co Credit Union, suggesting a reliable option for financial services.


This AI summary has been generated from reviews found on Facebook.

Is Har-Co Credit Union legitimate?

Har-Co Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Har-Co Credit Union submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $1,154,275
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,598,161

For more financial information, click here


Official website here: www.harcocu.org

What is the mission statement of Har-Co Credit Union?

Har-Co Credit Union's mission is centered around operating as a reliable financial institution that prioritizes exceptional member service. They approach every decision with their members' interests at heart. The credit union's goal is to provide a sound financial institution, ensuring the well-being of their 14,067 members.


Official website here: www.harcocu.org

Who is the CEO of Har-Co Credit Union?

Malia A Dierken is the Chairman of Har-Co Credit Union. The CEO's salary of Har-Co Credit Union is $231,720 and their total compensation is $257,429.


Official website here: www.harcocu.org

What is the revenue of Har-Co Credit Union?

Har-Co Credit Union's revenue in 2022 was $9,204,810.


Official website here: www.harcocu.org

Who are the executives of Har-Co Credit Union and what are their salaries?

The average compensation at Har-Co Credit Union during 2022 was $53,606. There are 70 employees at Har-Co Credit Union.


Here are 14 key members and their salaries (Har-Co Credit Union's CEO's salary is $231,720 and their total compensation is $257,429):


Blaise Sedney (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Charles Wellington (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Thorkild Paaby Jr (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Teresa Knox (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dr Austin Hill (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lawrence Dukes (Vice Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steven Johnson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Eric Rebbert (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Malia Dierken (Evp/Cfo)
  • Compensation: $133,455
  • Related: $0
  • Other: $19,174
Angela Gregory (Vp/Sr. Mortgage Officer)
  • Compensation: $169,959
  • Related: $0
  • Other: $13,980
Gilbert Kennedy Iii (President/Ceo)
  • Compensation: $231,720
  • Related: $0
  • Other: $25,709
Mark Freyer (Svp/Cro)
  • Compensation: $154,008
  • Related: $0
  • Other: $13,647
John Shroads Jr (Evp/Coo And Cco)
  • Compensation: $188,079
  • Related: $0
  • Other: $15,078
Sharon Wilson (Svp/Cto)
  • Compensation: $169,795
  • Related: $0
  • Other: $19,671


Official website here: www.harcocu.org

Where can I find the form 990 for Har-Co Credit Union?

Har-Co Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.harcocu.org

Learn more at the official website: www.harcocu.org

Mission Statement of Har-Co Credit Union

Har-Co Credit Union, as a state-chartered institution, is dedicated to serving its 14,067 members with a strong emphasis on delivering exceptional financial services. Their mission is centered around prioritizing their membership in every decision they make. They strive to operate as a reliable and sound financial institution, consistently delivering top-notch member service. This commitment to their 'Credit Union Family' is evident in every aspect of their operations. Har-Co Credit Union's mission is to create a financial institution that is not just a service provider, but a trusted partner for its members, always keeping their best interests at heart.

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Impact




October, 2024

Har-Co Credit Union plays a significant role in enhancing the financial well-being of its members in Bel Air, MD, and surrounding areas. By providing a range of financial services to its 14,067 members, the credit union fosters economic stability and growth within the community.

The mission to deliver a sound financial institution with excellent member service reflects a commitment to prioritizing the needs and interests of its members. This focus creates a sense of community and trust, encouraging members to engage with their financial institution positively.

The credit union's operations not only support the individual financial goals of its members but also contribute to a broader public benefit. By emphasizing excellent service and member consideration in all activities, Har-Co Credit Union strengthens the local economy and enhances the quality of life for its members and their families.




This information is meant to be a general summary of Har-Co Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$9,204,810 (2022)
Expenses
$7,846,962 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $1,315,447
  • Program Service Revenue: $7,889,363
  • Gross Receipts: $9,204,810

Assets and Liabilities:

  • Total Assets: $245,148,533
  • Total Liabilities: $2,980,152
  • Net Assets: $242,168,381

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

INTEREST ON LOANS

Revenue

$5,893,658

OTHER SERVICES

Revenue

$1,385,667

SHARE ACCOUNT SERVICES

Revenue

$540,641

CREDIT INSURANCE

Revenue

$56,845

ATM SERVICES

Revenue

$12,552

Organization Details

Founding Year

1955

Principal Officer

Malia A Dierken

Main Address

30 N HICKORY AVENUE, BEL AIR, MD, 21014

NTEE Category

Code: W60 - Public benefit

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